Page:United States Statutes at Large Volume 107 Part 1.djvu/247

 PUBLIC LAW 103-44—JUNE 28, 1993 107 STAT. 221 be delivered to any State, and the insured depositor shall claim the deposit from the Corporation before the receivership is terminated, or all rights of the depositor with respect to such deposit shall be barred. "(4) TREATMENT OF UNITED STATES DEPOSITS. —If the deposit is a United States deposit it shall be delivered to the Secretary of the Treasury for deposit in the general fund of the Treasury. Upon delivery to the Secretary of the Treasury, all rights of the depositor against the Corporation with respect to the deposit shall be barred and the Corporation shall be deemed to have made payment to the depositor for purposes of section ll(g)(l). "(5) REVERSION.—I f a depositor does not claim the deposit delivered to the custody of the appropriate State pursuant to paragraph (2)(B) within 10 years of the date of delivery, the deposit shall be immediately refunded to the Corporation and become its property. All rights of the depositor against the appropriate State with respect to such deposit shall be barred as of the date of the refund to the Corporation. "(6) DEFINITIONS.— For purposes of this subsection— "(A) the term 'transferee institution' means the insured depository institution in which the Corporation has made available a transferred deposit pursuant to section ll(fKl); "(B) the term 'appropriate State' means the State to which notice was mailed under paragraph (I)(C), except that if the notice was not mailed to an address that is within a State it shall mean the State in which the depository institution in default has its main office; and "(C) the term 'United States deposit' means an insured or transferred deposit for which the deposit records of the depository institution in default disclose that title to the deposit is held by the United States, any department, agency, or instrumentality of the Federal (aovernment, or any officer or employee thereof in such person's official capacity.". SEC. 2. EFFECTIVE DATE. 12 USC 1822 (a) IN GENERAL. —The amendments made by section 1 of this Act shall only apply with respect to institutions for which the Corporation has initiated the payment of insured deposits under section 11(f) of the Federal Deposit Insurance Act after the date of enactment of this Act. (b) SPECIAL RULE FOR RECEIVERSHIPS IN PROGRESS.— Section 12(e) of the Federal Deposit Insurance Act as in effect on the day before the date of enactment of this Act shall apply with respect to insured deposits in depository institutions for which the Corporation was first appointed receiver during the period between January 1, 1989 and the date of enactment of this Act, except that such section 12(e) shall not bar any claim made against the Corporation by an insured depositor for an insured or transferred deposit, so long as such claim is made prior to the termination of the receivership. (c) INFORMATION TO STATES.— Within 120 days after the date of enactment of this Act, the Corporation shall provide, at the request of and for the sole use of any State, the name and last known address of any insured depositor (as shown on the records of the institution in default) eligiole to make a claim against the

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